By Our Reporter

9th May 2019

The Ministry of Finance, Planning and Economic development says that it still hopes to get funding from China’s Exim bank for the construction of the Standard Gauge Railway.

The Uganda Standard Gauge Railway is a USD 2.269Bn planned railway system linking the country to the neighboring countries of Kenya, Rwanda, South Sudan, Congo, and Democratic Republic of Congo.

However, the SGR project stands at crossroads as China who is funding the project through Exim bank said the project is not viable.

The government says that Uganda is continuing with the preparations, compensation of people, acquiring way leave access among other things so that the project is not affected despite reports from Exim bank.

According to Maris Wanyera, the Ministry of Finance director debt and cash management, they still hope to get the required money from Exim bank, since Uganda has not yet reached a conclusion with the bank.

In Uganda, a total of 1724 KM of SGR lines is to be developed in a phased manner starting with the Malaba-Kampala route of 271.6 Km.

Thursday 9th May 2019 06:39:21 PM